Question

Part B

The store gives a discount to customers who use cash instead of a credit card for a purchase. The discount is equal to 45 of the 1.75% processing fee the store would be charged if a credit card was used.

A customer will make a $150 purchase using cash. What will be the discount, in dollars and cents, for using cash instead of a credit card on this purchase?

Answer 1

The discount for using cash instead of a credit card on a $150 purchase is $1.18125.

Step-by-step explanation:

The discount for using cash instead of a credit card on a $150 purchase can be calculated by finding 1.75% of $150 and then taking 45% of that amount.

Step 1: Find the processing fee for using a credit card:
1.75% of $150 = $2.625

Step 2: Calculate the discount:
45% of $2.625 = $1.18125

Therefore, the discount for using cash instead of a credit card on a $150 purchase is $1.18125.

Answer 2

the answer is 2.625$ rounded up  to 2.63$